Equifax Tackles Another Breach and Wall Street Retreats From Records

finance
5 months ago
The Street

Now PlayingEquifax Tackles Another Breach and Wall Street Retreats From RecordsThe Street

Stocks retreated from records as declines in trading revenue pressured the big banks and a selloff in crude hurt the energy sector. All three major indexes moved lower after hitting all-time highs a day earlier. Equifax Inc. fell after the credit-reporting agency said it was investigating another possible data breach. Last month, the company disclosed that a massive hack had compromised the confidential data of more than 145 million people. Juniper Networks Inc. declined after warning of lower profit and sales for its third quarter on a disappointing performance in its cloud vertical. The company will report in just under two weeks. Health insurers were mixed after President Trump signed a new executive order to undermine Obamacare. The order lets businesses band together to purchase plans across state lines that do not need to adhere to ACA rules. Watch More with TheStreet: Gene Monahan Was Right! The Yankees Were 'Hard to Beat,' Just Ask Cleveland Tim Hortons Isn't the Only One Experimenting with Bizarre Flavor Combinations Hurry Up and File Your 2016 Tax Return! Peter Schiff: Bitcoin Is Not the Money of the Future